Acadian Timber Corp. (OTCMKTS:ACAZF) Short Interest Up 22.7% in January

Acadian Timber Corp. (OTCMKTS:ACAZF) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 11,900 shares, a growth of 22.7% from the December 31st total of 9,700 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is presently 3.3 days.

Acadian Timber Stock Performance

Shares of ACAZF opened at $12.10 on Friday. Acadian Timber has a 12 month low of $11.66 and a 12 month high of $14.18. The stock’s 50-day moving average is $12.36 and its two-hundred day moving average is $12.71.

Acadian Timber Company Profile

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.